North Dakota · ND

North Dakota Mortgage Calculator

Pre-filled for North Dakota: median home price $260,000, average property tax rate 0.98%. Adjust any slider to make it yours.

North Dakota housing at a glance

Median home price: $260,000
Effective property tax rate: 0.98% / yr
Annual property tax (median home): $2,548
Est. monthly tax escrow: $212
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in North Dakota

The median home price in North Dakota is around $260,000 and the effective property tax rate averages 0.98%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in North Dakota is $52,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in North Dakota

North Dakota has no real estate transfer tax.

Beyond transfer taxes, total closing costs in North Dakotatypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $5,200–$13,000.

Foreclosure & legal context

Foreclosure type: Judicial (court-supervised)
Security instrument: Mortgage
Deficiency liability: Non-recourse (purchase-money)

North Dakota's anti-deficiency statute protects most residential mortgages of 40 acres or less — lenders cannot pursue a deficiency after foreclosure.

North Dakota mortgage FAQ

What is the monthly mortgage payment for a median-priced home in North Dakota?: At the current 30-year fixed rate of ~6.81%, a $260,000 home in North Dakota with 20% down ($52,000) carries a principal-and-interest payment of ~$1,357/mo. Add property tax (~$212/mo at 0.98%) and homeowners insurance and your total is roughly $1,570/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in North Dakota?: The effective statewide property tax rate in North Dakota averages 0.98% of assessed value per year. On a $260,000 home, that works out to roughly $2,548 per year ($212/mo). Individual county rates vary.
Does North Dakota have a state income tax?: Yes, North Dakota has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in North Dakota?: North Dakota has no real estate transfer tax.
What type of foreclosure does North Dakota use?: North Dakota uses judicial foreclosure, meaning a lender must file a lawsuit and obtain a court judgment before selling a property. North Dakota's anti-deficiency statute protects most residential mortgages of 40 acres or less — lenders cannot pursue a deficiency after foreclosure.

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